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The Corporate Finance team at the Birmingham office of Top 20 accountants, MHA MacIntyre Hudson, recently advised directors of a well-established mechanical and electrical building services specialist, J S Wright, on a Management Buy-Out (MBO).

Leading the Corporate Finance team at MHA MacIntyre Hudson, Mukesh Bulsara advised the five executive directors of J S Wright, who have run the firm for the past 10 years, on all aspects of the MBO transaction.

The advice included the proposed deal structure, valuation, the raising of finance and full project management of the transaction. Supporting the deal, Jay Boyce, a tax partner at MHA MacIntyre Hudson, provided expert tax advice, while funding for the transaction came from Nat West Bank.

Marcus Aniol, who was appointed Managing Director of J S Wright in 2008, remains in his role and is now a major shareholder in the firm alongside Martin Roberts, Finance Director; Andrew Smith, National Design and Estimating Director; Phil Leech, National Mechanical Contracts Director and Paul Featherston, National Electrical Contracts Director.

Jay Boyce, Tax Partner at MHA MacIntyre Hudson in Birmingham, said:"We are pleased to have worked with Marcus and his team, and provide them with the advice and support that will enable them to execute their vision for the future of this successful, long-established business.”

Managing Director of J S Wright, Marcus Aniol, added: “The team at MHA MacIntyre Hudson helped us to focus on the key issues, and the advice they provided was always commercial and pragmatic. Jay and Mukesh worked hard to overcome any issues during the transaction process, and we look forward to continuing our relationship with them in the future.”

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